Gold prices edged up on Tuesday as the dollar hovered around three-year lows, with a surge in global equities capping further gains after a US government shutdown came to a halt. Gold was mostly unaffected by the shutdown in the previous session, trading in a tight range defined on the low end by safe-haven demand amid the US government closure and on the high end by the resiliency of the wider financial markets.
Spot gold rose 0.2 percent to $1,336.26 per ounce at 0703 GMT, up for a third straight session. US gold futures for February delivery climbed 0.3 percent to $1,335.70 per ounce.
Spot gold looks neutral in a range of $1,329-$1,341 per ounce and an escape could suggest a direction, according to Reuters Technical analyst, Wang Tao.